Is PPIH or SPXC more undervalued in 2026?

CirclFi compares Perma-Pipe International Holdin (PPIH) and SPX Technologies, Inc. (SPXC) using 13 institutional-grade valuation models. PPIH has a Quality of Company score of 8.9/10 while SPXC scores 9.5/10.

Which is a better buy — PPIH or SPXC?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do PPIH and SPXC valuations compare?

PPIH at $31.88 and SPXC at $213.82 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

PPIH vs SPXC Valuation Comparison 2026 — Intrinsic Value Analysis

PPIH

Building Products & Equipment

Perma-Pipe International Holdin

Quality

8.9

out of 10

Value Trap

SAFE

Price

$31.88

Last close

Models

12/13

Active

SPXC

Building Products & Equipment

SPX Technologies, Inc.

Quality

9.5

out of 10

Value Trap

LOW

Price

$213.82

Last close

Models

13/13

Active

Model-by-Model Comparison

Model	Type	PPIH Fair Value	PPIH Upside	SPXC Fair Value	SPXC Upside
Bayesian DCF	Intrinsic	$2.00	-93.7%	$44.97	-79.0%
Earnings Power Value	Intrinsic	$11.42	-64.2%	$71.60	-66.5%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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PPIH vs SPXC — Which Stock Is More Undervalued?

SPXC scores higher with a 9.5/10 quality rating vs PPIH's 8.9/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Perma-Pipe International Holdin (PPIH) and SPX Technologies, Inc. (SPXC) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

PPIH currently trades at $31.88 with a QOC of 8.9/10, while SPXC trades at $213.82 with a QOC of 9.5/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).